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As a veteran Real Estate Broker in Manhattan for the better part of 25 yearsI love the world of “The Blog”

  • Let’s Share Thoughts, Ideas, Principles,.
  • How do they affect our lives?
  • How do we affect each other?
  • How has it changed the way we look at how we live?
Please follow my weekly thoughts and I look forward to sharing.Contact Information
Laura Gruber
Global Real Estate Advisor, Associate Broker
Mobile: (917) 912-2023
Office: (212) 606-7658
Fax: (212) 909-8158
Sotheby’s Collections 2017

Market Update – Third Quarter – 2017

Laura Gruber

Associate Real Estate Broker
917.912.2023

285 Riverside Drive Apt 4D

New to market. The grand scale and flexible layout of this very spacious classic five offers plenty of options and room to grow. The 14 X 25ft. living room easily accommodates a dining room table and the sunny 19 X 13ft dining room is currently used as a third bedroom. The kitchen has a new washer/dryer and a dining nook /office space is next to the kitchen.

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Market Report

The third quarter of 2017 was marked by a 5% increase in the number of closed sales from 3,483 to 3,657 over the prior year. This is the third consecutive quarter of growth in the number of sales. The average sale price was down 3% while the median sale price was up 11%. Closed sales for the third quarter of 2017 totaled 3,657 compared to 3,483 during the same quarter the prior year. The under $3mil market made up 84% of all sales activity and posted 5% more sales than the prior year. This segment posted an 8% increase in the average sale price and 11% increase in the median sale price. The average and median sale prices in the $3mil to $10mil category increased 4% and 8% respectively while the $10mil+ category reflected a 9% drop in the average sale price and an 7% drop in the median sale price.

The average sale price of all recorded Manhattan apartment sales was $1,985,000, a 3% decline over prior year. The median sale price of $1,185,000 was a 2% decline over the prior quarter and an 11% gain over the prior year. The median sale price for all of Manhattan has registered over $1mil for the 9th consecutive quarter.

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Property Distribution

Sotheby’s International Realty partners with and distributes properties to the most significant media companies and real estate-focused websites in the world in order to increase exposure and drive the online consumer back to your home.

Privileged Access

Sotheby's has had a revered tradition of bringing the world's most cherished possessions to a global market since 1744. Sotheby's International Realty harnesses the worldwide recognition and prestige of the Sotheby's name along with exclusive marketing opportunities to introduce your home to the world's most qualified buyers.

Local Experts Worldwide

The Sotheby's International Realty network is an exclusive association of distinguished residential brokerage companies throughout the world. Our network alone generates $1.8 billion in referral sales volume annually.

285 Riverside Drive Apt 4D

New to market. The grand scale and flexible layout of this very spacious classic five offers plenty of options and room to grow. The 14 X 25ft. living room easily accommodates a dining room table and the sunny 19 X 13ft dining room is currently used as a third bedroom. The kitchen has a new washer/dryer and a dining nook /office space is next to the kitchen.

Quotes of Importance

If you only remember two things they should be:

LIFE HAS TWO RULES;

  • #1 NEVER QUIT
  • #2 NEVER FORGET #1

Contact me

Laura Gruber
Global Real Estate Advisor, Associate Broker
38 East 61st Street,
New York 10065
Tel: 1 212.606.7658­
Mobile: 1 917.912.2023
laura.gruber@sothebyshomes.com
This Web site is not the official Web site of Sotheby’s International Realty, Inc. Sotheby’s International Realty, Inc. does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this Web site.

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